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Injective (blockchain)

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Injective
IndustryWeb3
Founded2018
FounderEric Chen and Albert Chon
Websitehttps://injective.com/

Injective (INJ) is a blockchain optimized for Web3 finance.

History

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Injective was launched by Injective Labs, which was founded by Eric Chen and Albert Chon in 2018 through the first incubation program hosted by Binance Labs.[1]

In December, Injective launched a Testnet for a DeFi trading platform built on top of its layer.[2] In April 2021, the platform raised $10 million in a “party” funding round with participation from billionaire Mark Cuban.[3]

In July, Injective underwent a "CosmWasm mainnet" upgrade in order to bring scalable smart contracts to Injective.[4]

In January 2023, Injective launched a $150 million fund ecosystem initiative to accelerate interoperable infrastructure and DeFi adoption.[5]

References

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  1. ^ "Injective Labs Cofounders: Eric Chen, Albert Chon". Forbes. Forbes. Retrieved 15 August 2024.
  2. ^ Butcher, Mike (2020-12-03). "As crypto comes back, Binance-backed Injective Protocol launches Testnet for its DeFi trading platform". TechCrunch. Retrieved 2023-09-28.
  3. ^ Butcher, Mike (2021-04-20). "Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its 'DeFi Robinhood'". TechCrunch. Retrieved 2023-09-28.
  4. ^ "DeFi: Injective Protocol's 'CosmWasm' upgrade adds more functionality for developers and users". ZDNET. Retrieved 2023-09-28.
  5. ^ Melinek, Jacquelyn (2023-01-25). "Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption". TechCrunch. Retrieved 2023-09-28.
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